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Suppose a computer software developer for a certain company purchased a computer system for $ 7 5 , 0 0 0 on April 2 7
Suppose a computer software developer for a certain company purchased a computer system for $ on April The computer system is used for business of the time. The accountant for the company elected to take a $ Section deduction, and the asset qualified for a special depreciation allowance.
a What was the basis for depreciation in $ of the computer system? See Table
$
b What was the amount in $ of the first year's depreciation using MACRS? See Table and Table
$
TABLE
Special Depreciation Allowance
Certain Qualified
tableAsset Placed into Service,Special AllowanceSeptember May
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